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6:35 a.m. March 27, 2021 - By Catey Hill
I’m looking for safe, friendly cities to retire abroad on $2,500 or less a month. Where should I retire? Eight options — from cities in Thailand, Portugal, Italy and more — to consider. Eight options — from cities in Thailand, Portugal, Italy and more — to consider.
8:11 a.m. Feb. 11, 2021 - By Mark DeCambre
Pot stocks ETF tumbles 20% and faces its worst daily drop in its history as Cannabis trade flames outOne of the most popular ways to gain exposure to the cannabis industry was facing the worst single-day decline since it was created back in 2015, according to Dow Jones Market Data. The ETFMG Alternative Harvest ETF on Thursday was down more than 20% and on track to snap a three-day win streak as it heads to its worst day since inception, Dec. 3 of 2015. Stunningly, the ETF was still nursing an 11% gain for the week and an 81% gain in the year to date, highlighting the nearly unfettered appetite for pot stocks that has gripped the market in recent days. The decline for the popular ETF comes as Cannabis shares were tumbling sharply across the board Thursday, with many of the sector's best performers a day earlier surrendering all those gains. Tilray Inc. , a recent market darling, was last down 42%, while Aphria Inc. , with which it is merging, was down over 30%. Pot stocks have been reignited on bullish bets for positive political developments and a better legal landscape under President Joe Biden. Meanwhile, the broader market was seeing tepid gains, with the Dow Jones Industrial Average was off 0.2%, the S&P 500 index trading flat and the Nasdaq Composite Index gaining a modest 0.3% on the session.
10:23 a.m. Dec. 30, 2020 - By Ciara Linnane
U.S. sets record for COVID-19 hospitalizations, as country’s first case of new U.K. variant is found in Colorado Health experts continue to lament slow rollout of vaccines in U.S. after much-ballyhooed authorizations were granted in early December The U.S. set a fresh record for hospitalizations of patients with COVID-19 on Wednesday and the first case of the highly infectious U.K variant of the coronavirus was found in Colorado, as health experts continued to lament the delayed rollout of vaccines that is hampering the economic recovery.
10:26 a.m. Dec. 9, 2020 - By Ciara Linnane
U.S. coronavirus case tally climbs to 15 million from 14 million in just five days U.S. sets fresh record for COVID-19 hospitalizations; Angela Merkel pleads with Germans to limit gatherings during holidaysThe global case tally for the coronavirus illness COVID-19 climbed above 68 million on Wednesday and the U.S. tally rose above 15 million as the virus continued to race across the nation, filling hospitals with record numbers of patients
1:12 p.m. Dec. 3, 2020 - By Ciara Linnane
U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge December, January and February will be the ‘most difficult time in the public health history of this nation, largely because of the stress that it’s going to put on our health-care system,’ says CDC head Robert RedfieldThe U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.
11:31 a.m. Nov. 25, 2020 - By William Watts
Dollar slips toward 2020 low as history reminds traders not to sleep on FX around ThanksgivingThe dollar did it again --- falling to a multi-month low versus the euro the day before Thanksgiving, a move that’s pushing a closely followed gauge of the U.S. currency back toward its 2020 low.
12:50 p.m. Nov. 16, 2020 - By Ciara Linnane
Coronavirus update: U.S. averaging 150,000 COVID-19 cases a day as expert warns of pending ‘humanitarian catastrophe’ Experts are worried that President Trump’s refusal to concede election could cause more cases, hospitalizations and deathsThe global case tally for the coronavirus illness COVID-19 climbed above 54.5 million on Monday, while the U.S. tally topped 11 million after adding 1 million new cases in six days, with 50 states and territories recording rising numbers and the virus showing no sign of slowing.
12:24 p.m. Nov. 13, 2020 - By Ciara Linnane
Coronavirus update: U.S. again shatters daily case record as experts worry holidays will be superspreader event ‘Unless people celebrate safely, we will see a huge increase about two weeks after Thanksgiving and then again two weeks after Christmas,’ says epidemiologist Dr. Tista GhoshThe U.S. shattered records for daily cases of the coronavirus illness COVID-19 and hospitalizations on Friday, as states and cities announced new restrictions while others warned that full lockdowns may be needed to contain the spread.
12:11 p.m. Nov. 4, 2020 - By Mark DeCambre
S&P 500, Nasdaq book best postelection rally in history as Biden-Trump presidential contest remains undecidedThe S&P 500 and the Nasdaq on Wednesday produced the best postelection gain on record, as investors focus on the possibility that the race for the White House between President Donald Trump and former Vice President Joe Biden might yield a split government. Biden was seen edging Trump for the presidency after Tuesday's Election Day results, which were still being tallied but the expectations for a Democratic sweep appeared dashed, making it more likely that Republicans and Democrats would lock horns over the next four years--viewed as the type of political gridlock that is felicitous for financial markets. Crucial battleground states like Georgia, Michigan and Pennsylvania continued to be counted, with Biden holding a 248 electoral college lead, compared against Trump's 214. A total of 270 votes are required to determine a winner for the White House. Technology-related stocks led the way on Wednesday on the belief that a Biden victory and a split Congress would make the Democratic challenger's hope of raising taxes and enacting stricter regulation on tech companies less likely. The Nasdaq Composite Index gained 430 points, or 3.9%, to reach 11,591, the S&P 500 index climbed 74.45 points, or 2.2%, to 3,443, with both indexes registering their best returns in the trading day after an election on record, according to Dow Jones Market Data. Meanwhile, the Dow Jones Industrial Average finished up 1.3% higher at 27,848, but finished the session well off its best levels at 28,302, which would have resulted in the best day for the benchmark since 1900. In corporate news, shares of Biogen surged after the U.S. Food and Drug Administration offered a positive assessment of the company's experimental Alzheimer's disease drug. Meanwhile, health-care shares [s; XLV] gained 4.5% on the day, leading the S&P 500's 11 sectors, perhaps, on the belief that a Biden presidency would maintain Obamacare. The focus on politics comes also as the Federal Reserve commenced its two-day policy meeting which will conclude on Thursday and could signal that the central bank will reiterate its support for financial markets amid the economic uncertainty wrought by the pandemic.
2:17 a.m. Oct. 28, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally tops 8.7 million and marks seven-day record, with more than 20 states seeing most new cases since start of the outbreak Dr. Birx says North Dakotans’ failure to wear face masks is ‘deeply unfortunate’ as the Dakotas suffer worst case numbers measured per capitaThe U.S. case tally for the coronavirus illness COVID-19 climbed above 8.7 million on Tuesday, with more than 20 states counting record numbers of new infections, as more business curfews were announced to combat the spread.
11:18 a.m. Oct. 19, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 40 million; White House task force reported to be hive of infighting over new adviser White House Task Force beset by internal strife over adviser who is spreading misinformation, says Washington PostThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 40 million on Monday, as new infections continued to rise in Europe and the U.S. and experts warned the pandemic could worsen during the cold winter months.
4:53 a.m. Oct. 17, 2020 - By Jonathan Burton
Jim Steyer: Only a breakup of Facebook and controls on social media can reduce disinformation and lies on the internet Neither Big Tech’s response nor the law have been strong enough to shield users from harm, says the founder of Common Sense MediaNeither Big Tech’s internal response nor the law have been strong enough to shield users from harm, says the founder of Common Sense Media.
11:05 a.m. Oct. 8, 2020 - By Ciara Linnane
Coronavirus update: New England Journal of Medicine says Trump should be voted out over pandemic management as U.S. death toll tops 212,000 ‘When it comes to the response to the largest public health crisis of our time, our current political leaders have demonstrated that they are dangerously incompetent,’ say editors of prestigious medical journalThe U.S. death toll from the coronavirus illness COVID-19 moved above 212,000 on Thursday, as the editors of the prestigious New England Journal of Medicine sharply criticized the Trump administration’s handling of the pandemic.
9:48 a.m. Sept. 18, 2020 - By Jonathan Burton
Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for allVeteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all.
12:05 p.m. Sept. 9, 2020 - By Mark DeCambre
Dow posts 440-point gain and Nasdaq notches 2.7% rise to recover a chunk of losses from Tuesday's tech routU.S. stocks finished sharply higher Wednesday, snapping a three-day selloff that a day earlier drove the Nasdaq Composite into a correction at the fastest pace in history following its record high last week. The Dow Jones Industrial Average closed up 440 points, or 1.6%, at 27,940, boosted by gains in Microsoft Corp. , Apple and salesforce.com . The S&P 500 index rose 2% to 3,399, powered by gains in technology , up 3.4%, and materials , rising 2.6%; and the tech-heavy Nasdaq Composite Index rose 2.7% to 11,142, after falling into a correction with Tuesday's 4.1% selloff. A correction is commonly defined as a drop of at least 10% from a recent peak. In corporate news, AstraZeneca PLC [s:UK: AZN] was halted in what the drugmaker described as a "routine action," paused late-stage trials of its vaccine candidate for COVID-19 following an unexplained illness in one of the trial volunteer. U.S. listed shares of AstraZeneca finished down nearly 2%. Shares of Slack Technologies finished the day down around 14% after the communication company said it broke even in its latest quarter, perhaps, disappointing investors hoping for better results.
2:36 a.m. Sept. 3, 2020 - By Ciara Linnane
Coronavirus update: Global case tally nears 26 million, and experts are alarmed that U.S. isn’t joining WHO vaccine effort ‘This go-it-alone approach leaves America at risk of not getting a vaccine,’ says one expertThe number of confirmed cases of the coronavirus that causes COVID-19 worldwide edged closer to 26 million on Wednesday, as experts sounded the alarm on the Trump administration’s decision not to work with an international effort to develop and distribute a COVID-19 vaccine that is backed by the World Health Organization.
9:37 p.m. Sept. 1, 2020 - By Barbara Kollmeyer
Here’s what could trigger more stock market pullbacks this year, says Schwab trading pro Critical information for the U.S. trading dayOn the heels of a huge month for stocks in August, our call of the day says investors need to get ready for at least two pullbacks this year, with history as a guide.
11:39 p.m. Aug. 31, 2020 - By Barbara Kollmeyer
An ‘extreme’ August on the stock market might be telling us something about the November election Critical information for the U.S. trading dayIt has been a pretty bullish August for the stock market. That tends to work well in an incumbent U.S. President’s favor, but our call of the day says a twist could lie ahead.
12:49 p.m. Aug. 31, 2020 - By Joy Wiltermuth
Dow, S&P 500 end lower, but book best August in 36 years. Nasdaq clinches another record Amazon wins FAA approval for drone deliveryU.S. stocks closed mostly lower on Monday, except for the record-setting Nasdaq Composite, as Wall Street closed out a historically strong August.
12:26 p.m. Aug. 30, 2020 - Associated Press
‘Tenet’ off to ‘fantastic start’ with hodgepodge theatrical release Strong international box-office numbers ahead of U.S. releaseThe first wave of big new movies released since the beginning of the pandemic, including Christopher Nolan’s mind-bending thriller “Tenet” and the long-delayed “X-Men” spinoff “The New Mutants,” arrived in theaters over the weekend, testing the waters of a radically different theatrical landscape.
12:54 p.m. Aug. 18, 2020 - By Joy Wiltermuth
S&P 500, Nasdaq score record closes, reclaim their perch at all-time highs Dow closes lower, but 6% off record highMajor U.S. stock indexes finished Tuesday mostly in record territory, despite ongoing wrangling in Congress over a further coronavirus aid and concerns about how the economy will fare when an unprecedented raft of fiscal stimulus eventually burns off.
12:06 p.m. Aug. 18, 2020 - By Mark DeCambre
S&P 500 logs first record close in 6 months and marks fastest recovery in history amid coronavirus: 'record breaking and heartbreaking' U.S.stocks finished mostly higher Tuesday, with the S&P 500 index notching its first record close since Feb. 19 and marking the quickest recovery from bear-market territory in its history, according to Dow Jones Market Data. The S&P 500 finished up a modest 8 points, or 0.2%, at 3,390 (on a preliminary basis, rounded). It has taken the broad-market benchmark 126 trading sessions to finish at a new record after falling by at least 20%, which defines a bear market. Gains on Tuesday were driven by a surge in consumer-discretionary shares, up 1.5%, and communication services, rising 1.1%. The record for the S&P 500 came as the Nasdaq Composite Index notched its own record close and its 34th for 2020. The Nasdaq closed up 0.7% at 11,210. Meanwhile, the Dow Jones Industrial Average finished the session off 0.2% at 27,777. All closing levels are on a preliminary basis. The records for the S&P 500 and the Nasdaq come, however, even as millions of Americans are out of work due to the coronavirus pandemic. "Many continue to wonder why stocks are at new highs with 10% unemployment and nearly a million people filing for initial unemployment claims. The truth is economic data is backward looking and stocks are looking ahead to a much brighter future," wrote Ryan Detrick, chief investment strategist at LPL Financial. "From a 34% bear market to new highs, 2020 is record breaking and heartbreaking all at the same time," he wrote.
9:06 a.m. Aug. 18, 2020 - By Barbara Kollmeyer
Why investors should sell stocks now to get ready for the big rally that’s coming Critical information for the U.S. trading dayAs stocks continue to march towards highs, our call of the day says it’s time to sell, and raise cash for a shopping spree later this year.
6:28 a.m. Aug. 15, 2020 - By Shawn Langlois
Stocks could be melting up like they did in the Roaring ’20s, strategist says — we all know what happened nextMark Twain once said, “History doesn’t repeat itself, but it often rhymes.” Ed Yardeni of Yardeni Research applied those words to what, for most observers, has to feel like a unique climate for playing the market these days.
3:57 a.m. Aug. 10, 2020 - Associated Press
Belarus police violently break up protests after disputed presidential election Opponents claim authoritarian Lukashenka regime manipulated resultsBelarus police and protesters clashed in the capital and the city of Brest on Sunday night after a presidential election in which the country’s longtime leader sought a sixth term despite rising discontent with his authoritarian rule and his cavalier dismissal of the coronavirus pandemic.
11:37 a.m. Aug. 4, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally at 4.74 million as New Jersey, Massachusetts and Connecticut see infections climb again Cinemark’s revenue falls 99% as theaters remain closed, and Mallinckrodt says it is looking at possible bankruptcyThe U.S. case tally for the coronavirus illness COVID-19 rose by fewer than 50,000 on Monday for a second straight day, data aggregated by Johns Hopkins University showed, although cases were rising in some states that had seemed to get the spread under control earlier this year.
12:57 p.m. Aug. 1, 2020 - Associated Press
Biden eyes major foreign policy shifts if he wins Americans could expect Biden to re-engage with traditional allies. Should former Vice President Joe Biden win the White House in November, America will likely be in for a foreign policy about-face as Biden reverses, dismantles or severely curtails many of President Donald Trump’s most significant and boldest actions.
8:43 a.m. July 30, 2020 - By Mark DeCambre
Herman Cain, former GOP presidential candidate, dies at 74 due to COVID-19: reportsHerman Cain, a 2012 former presidential candidate, has died at 74 due to complications related to COVID-19, according to reports. Cain had attended President Donald Trump's rally in Tulsa, Okla. back in June, and was hospitalized about two weeks after the event with a positive diagnosis of the deadly disease derived from the novel strain of coronavirus. It is unclear if he contracted the disease at that rally, where he was seen not wearing a mask. He had been hospitalized with the disease for about four weeks. His death was announced on Thursday on his . Cain had survived a battle with stage 4 colon cancer. "Although he was basically pretty healthy in recent years, he was still in a high-risk group because of his history with cancer," wrote Dan Calabrese, the editor of his . "We all prayed so hard every day."
8:10 a.m. July 30, 2020 - By Mark DeCambre
Nasdaq Composite exhibiting signs of panic-like buying as stock market trades off its lows on ThursdayTrading in the Nasdaq Composite late-morning Thursday was exhibiting panic-like-buying behavior, as the stock-market benchmarks, weakened after the worst GOP report on record, came off their lows of the session. The Nasdaq Composite was up less than 0.1% at 10,560 after touching a low at 10,412.09 earlier. The Nasdaq Arms Index, a volume-weighted breadth measure, fell to 0.395, with many on Wall Street see declines below 0.500 as suggesting panic buying. The Arms Index is calculated by dividing the ratio of the number of advancing stocks over decliners by the ratio of the volume of advancing stocks over declining volume. As the stock market rises, the Arms often falls below 1.000, as the buyers rush into advancing stocks. The current dynamic suggests that investors may continue to adhere to a trend of buying large-capitalization technology-related names that have helped the Nasdaq and the Nasdaq-100 index outperform their peer indexes over the past several weeks. The trading in the tech index also comes as investors await a hectic week of corporate earnings, with results from dozens of high-profile companies due after the bell on Thursday, including Google parent Alphabet Inc. , Apple Inc. Facebook Inc. [s :FB] and Amazon.com Inc. . Meanwhile, the Dow Jones Industrial Average was down 316 points, or 1.2%, at 26,233, while the S&P 500 index was off 0.7% at 3,235. The Dow was flirting with a close below its 50-day moving average at 26,039.97 for the first time since April 24, according to Dow Jones Market Data. Stocks on Thursday opened lower after a first-reading of for the second quarter GDP fell at a 32.9% annualized pace, the Commerce Department said, a bit better than the 34.6% annual decline forecast in a MarketWatch survey, but still the worst in history. Separately, first-time claims for unemployment benefits rose slightly last week, to 1.43 million from an upwardly-revised 1.42 million, while continuing claims also rose to 17 million in the week ended July 18.
5:33 a.m. July 30, 2020 - By Mark DeCambre
Dow opens over 300 points lower Thursday after U.S. GDP marks steepest drop in records going back about 70 yearsU.S. stock indexes opened lower Thursday morning amid a barrage of corporate quarterly results and economic reports that signal that the impact of the COVID-19 pandemic is still hurting domestic business activity. The Dow Jones Industrial Average fell 325 points, or 1.2%, at 26,216, the S&P 500 index retreated 1.1% at 3,223, while the Nasdaq Composite Index declined 0.8% at 10,457. A first reading on U.S. gross domestic product data for the second quarter confirmed the pandemic pummeled the economy. GDP fell at a 32.9% annualized pace, the Commerce Department said, a bit better than the 34.6% annual decline forecast in a MarketWatch survey, but still the worst in history dating back to records since 1947. Separately, first-time claims for unemployment benefits rose slightly last week, to 1.43 million from an upwardly-revised 1.42 million, while continuing claims also rose to 17 million in the week ended July 18. Thursday marks the most hectic week of corporate earnings reporting season, with results from dozens of high-profile companies due after the bell, including Google parent Alphabet Inc. , Apple Inc. Facebook Inc. and Amazon.com Inc. .
5:22 a.m. July 30, 2020 - By Mark DeCambre
Dow futures add to declines Thursday as President Trump floats idea of delaying 2020 election due to coronavirusU.S. stock-index futures on Thursday were headed lower, with the market appearing to add to its losses following a tweet from President Donald Trump that suggested that the U.S. should delay the 2020 president election, which takes place on Nov. 3, amid the COVID-19 pandemic. The 45th president of the U.S. : "With universal mail-in voting (not absentee voting, which is good), 2020 will be the most inaccurate & fraudulent election in history. It will be great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???" Futures for the Dow Jones Industrial Average were down 315 points, or 1.2%, at 26,127, while those for the S&P 500 index were down 1.1% at 3,216, while Nasdaq-100 futures declined 1.1% at 10,554. The trade in markets where already under pressure after economic data that highlighted the impact of the public-health crisis on business activity. GDP fell at a 32.9% annualized pace, the Commerce Department said, a bit better than the 34.6% annual decline forecast in a MarketWatch survey, but still the worst in history. Separately, first-time claims for unemployment benefits rose slightly last week, to 1.43 million from an upwardly-revised 1.42 million, while continuing claims also rose to 17 million in the week ended July 18. The fall in futures imply that the Dow , S&P 500 and Nasdaq Composite Index will open solidly lower on Thursday. Trump's tweet also comes as he is facing an uphill battle against presumptive Democratic nominee former Vice President Joe Biden, who currently leads in national polls against Trump.
6:23 a.m. July 29, 2020 - Associated Press
Holocaust survivors push Facebook to remove denial posts Zuckerberg, who is Jewish, says he personally finds “Holocaust denial deeply offensive”Holocaust survivors around the world are lending their voices to a campaign launched Wednesday targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide from the social media site.vv
6:39 a.m. July 28, 2020 - By Barbara Kollmeyer
Goldman Sachs has a new blowout forecast for gold Critical information for the U.S. trading dayOur call of the day is a bullish one from Goldman Sachs, which is upping the ante for those betting on stronger gold prices sticking around.
4:10 a.m. July 25, 2020 - By Shawn Langlois
The ‘cobra effect’ will have a ‘disastrous and unimaginable’ impact on the market, Wall Street vet warns ‘We’ll survive and thrive after the adjustment process for sure’‘As the massive monetary and massive fiscal stimuli (over $15T globally) conjoin to save the economy from a deflationary depression, they will cause instead a hyperinflationary economic collapse,’ Larry McDonald warned.
2:05 a.m. July 24, 2020 - By Ciara Linnane
Coronavirus update: Global COVID-19 cases top 15 million, U.S. cases pass 4 million, and California has more cases than New York Tesla surprises investors with an adjusted profit even after it was beset by pandemic-related stoppages at California plantThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 15 million on Thursday and the U.S. case tally passed 4 million, as California’s case tally rose above early U.S. hot spot New York following a surge in new infections in recent weeks.
2:40 a.m. July 23, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 3.9 million and Trump’s late move on face masks criticized by health experts The pandemic ‘will probably, unfortunately, get worse before it gets better.’ Trump reverses course on pandemic he called a hoaxThe number of U.S. cases of the coronavirus illness COVID-19 climbed above 3.9 million on Wednesday, a day after President Donald Trump finally encouraged Americans to wear face masks in public, marking a break with his approach to the pandemic thus far.
2:39 a.m. July 22, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 3.8 million; President Trump appears to have changed his view on face masks IBM posts better-than-expected earnings, while Coca-Cola revenue is light but drinks giant expects worst of pandemic is pastThe number of confirmed cases of the coronavirus illness COVID-19 in the U.S. rose above 3.8 million on Tuesday, and President Donald Trump appeared to change his view of face masks in the face of falling poll numbers.
1:24 p.m. July 21, 2020 - By Mark DeCambre
Dow, S&P close higher as Covid-battered stocks surge, but off session’s best levels as tech sector sinks Gains for equities come even as gold is approaching its second-highest level in history, near $2,000 an ounceU.S. stock-indexes finish mostly higher Tuesday, but off the session’s best levels, as investors snap up beaten-down energy and financial stocks amid a slate of corporate earnings reports, including Coca-Cola and Lockheed Martin’s second-quarter results.
2:03 a.m. July 21, 2020 - Associated Press
EU nations agree to $2.1 trillion budget and coronavirus relief plan after marathon summit Massive aid package approved after 4 days of negotiationsWeary European Union leaders finally clinched an unprecedented 1.82 trillion euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, somehow finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever.
6:08 a.m. July 20, 2020 - Associated Press
Ballon d’Or — world football’s top individual award — will not be presented this year Reigning Ballon d’Or awardee Leo Messi of Barcelona has won the trophy a record six timesReigning Ballon d’Or awardee Leo Messi of Barcelona has won the trophy a record six times.
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